StemBioSys Acquires Majority Stake in Cartox
January 8, 2020
San Antonio-based StemBioSys acquired a majority stake in Ann Arbor startup Cartox, obtaining control with plans to purchase the remaining equity subject to milestones. The deal brings Cartox's cardiotoxicity imaging and assay capabilities together with StemBioSys's CELLvo extracellular matrix technology to accelerate commercial development of pre-clinical cardiac safety and efficacy screening solutions.
- Buyers
- StemBioSys, Inc.
- Targets
- CARTOX, Inc.
- Industry
- Biotechnology
- Location
- Michigan, United States
- Transaction Type
- Buyout
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